The world's largest banks exchange currencies at spot and forward rates in the ________.

Question

Quizplus · Accepted Answer

The interbank market is a global network of banks that exchange currencies with each other at spot and forward rates. It is the largest and most liquid financial market in the world, where the majority of currency transactions take place. The other options are not involved in currency exchange between banks. The International Finance Corporation is a part of the World Bank that invests in private sector companies in developing countries, and the Eurocurrency market refers to the market for deposits denominated in a currency outside of the country where the bank is located.

The World's Largest Banks Exchange Currencies at Spot and Forward